BETA Technologies, Inc. (BETA) vs Karman Holdings Inc. (KRMN)

BETA Technologies, Inc. and Karman Holdings Inc. are both Aerospace & Defense companies. BETA Technologies, Inc. is the larger, with a market value of $5.7B against $4.3B — 1.3× the size. BETA Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; Karman Holdings Inc. trades at 111×. BETA Technologies, Inc. grew revenue faster over the last twelve months: 94.6% against 50.2%. Karman Holdings Inc. has the higher net margin (6.31% vs −1,340.3%) and the higher return on invested capital (5.09% vs −99.2%). Across the 17 metrics below, Karman Holdings Inc. leads on 10 and BETA Technologies, Inc. on 7.

Valuation

Metric BETA KRMN Aerospace & Defense median
P/E n/m 111.34 28.48
P/S 105.60 7.26 2.95
P/B 3.73 10.16 2.68
Price to free cash flow n/m n/m 31.70
EV/EBITDA n/m 32.54 16.85
EV/Sales 83.79 8.61 2.74
Earnings yield (15.31%) 0.90% 0.89%
Free cash flow yield (8.47%) (0.64%) 0.00%

Profitability

Metric BETA KRMN Aerospace & Defense median
Gross margin 62.49% 41.67% 26.41%
Operating margin (1,032.98%) 16.82% 3.69%
Net margin (1,340.32%) 6.31% 2.74%
Free cash flow margin (894.23%) (4.63%) 0.00%
Return on equity 1,958.90% 9.50% 4.44%
Return on assets (49.09%) 3.10% 1.90%
Return on invested capital (99.23%) 5.09% 0.26%

Growth

Metric BETA KRMN Aerospace & Defense median
Revenue growth (TTM) 94.55% 50.23% 18.03%
EPS growth (last fiscal year) (89.81%) 62.50% 24.80%
Revenue growth, 5-year CAGR — — 9.73%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric BETA KRMN Aerospace & Defense median
Debt to equity 0.11 2.01 0.20
Current ratio 11.51 3.56 2.85
Net debt to EBITDA 4.36 4.60 1.29

Dividend

Metric BETA KRMN Aerospace & Defense median
Dividend yield — — 0.91%
Payout ratio — — 0.30

Size

Metric BETA KRMN Aerospace & Defense median
Market cap 5.65b 4.25b 1.78b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack